Entrenched Gold Reserve Management Continues to Attempt to Disenfranchise Its Own Shareholders

Rusoro Mining Ltd. has learned by way of Gold Reserve Inc. press release issued on or after 4:00 pm Eastern time on December 24, 2008, that the board of directors of Gold Reserve has amended its shareholder rights plan (the “GRZ Plan”) without obtaining GRZ shareholder approval. The amendments to the GRZ Plan include extending the definition of a “Permitted Bid” under the GRZ... Read more..

Ateba Resources Inc. Announces Revocation of Cease Trade Orders

Ateba Resources Inc. (”The Company”) is pleased to announce that effective December 18, 2008, the following cease trade orders previously issued against the Company have all been concurrently revoked by the relevant provincial securities regulators: a) an order issued by the Ontario Securities Commission on May 23, 2003, as extended by a further order dated June 4, 2003, for failure to... Read more..

Nirek Reduces Bid for Century by 10%

Nirek Resources Inc. Nirek as of today’s date, after analysis, has amended its offer to reduce the percentage of shares it is seeking to acquire in Century. Nirek is now offering to purchase 18% of the outstanding shares of Century Mining Corporation , a 10% reduction from its original offer. All the other terms of the offer, such as the expiry date of January 8, 2009 and the cash purchase price... Read more..

Fronteer Development Group Inc.: Regional Drilling at Halilaga Intersects New Areas of Copper-Gold Mineralization

Fronteer Development Group Inc. announce that widely spaced regional drilling at its Halilaga Project in northwestern Turkey has intersected encouraging new copper-gold mineralization, reinforcing the prospectivity of this emerging mineral belt. Teck Cominco Limited’s Turkish subsidiary, Fronteer’s 60% joint venture partner, is currently testing a series of geochemical and geophysical anomalies... Read more..

IAMGOLD Options Merrex Gold’s Siribaya Gold Project in Mali and Confirms Equity Position in Merrex Gold

IAMGOLD Corporation has entered into a definitive Option Agreement to earn a 50% interest in the Siribaya Gold project in Mali, West Africa, which is 100% controlled by Merrex Gold Inc. . IAMGOLD can earn its interest by spending Cdn$10.5 million over four years. As part of the Agreement, IAMGOLD completed a private placement of Cdn$1.5 million in Merrex by subscribing for 4,285,714 units at $0.35... Read more..

Sutor Enters into Exclusive Sales Agent Agreement with Ukraine-China Communication Ltd.

Sutor Technology Group Limited, a leading provider of steel finishing fabrication products in China, announced that Sutor entered into an exclusive sales agent agreement with Ukraine-China Communication Ltd., a leading steel products agent and distributor focusing on the CIS market. Ukraine-China Communication Ltd. will act as Sutor’s exclusive sales agent in Ukraine, Russia, Belarus, Lithuania,... Read more..

Merrex Increases Ownership of Siribaya to 100% and Closes $12,000,000 Option and Private Placement With IAMGOLD

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex has closed its Private Placement and Option Agreement with IAMGOLD Corporation for 50% of Merrex’s Siribaya Gold Project in West Mali, Africa. “We are pleased to have increased our control of Siribaya to 100% and to have closed our agreement with IAMGOLD” said Merrex President Gregory Isenor. “As... Read more..

Avalon Ventures Ltd.: Summer Drilling Program Produces Best Results to Date From Lake Zone REE Deposit, Thor Lake, NWT

Avalon Ventures Ltd. announce assay results from the final 31 holes drilled in July, August and September, 2008 on the Lake Zone Rare Earth Element (”REE”) deposit on its 100% owned Thor Lake Rare Metals project located near Yellowknife, NWT. These holes were designed to define the southern, eastern and western margins of the deposit, and follow-up on the very encouraging results obtained... Read more..

Exploration Orbite V.S.P.A. Inc.: Private Placement of a Maximum of $200,000

Exploration Orbite V.S.P.A. Inc. wishes to annouce that it is proceeding with a private placement of a maximum of 20 units at $10,000 per unit. That private placement is addressed to “qualified investors” only. Each unit is made up of 56,250 class “A” flow-through shares at $0.16 each; and 6,250 non-flow through shares at $0.16 each. The proceeds from the $200,000 financing... Read more..

GoldQuest Reports Drill Results From New Gold Zone at Las Animas

GoldQuest Mining Corp. report drill results from ten holes completed on its 100% owned Las Animas project located in the central Dominican Republic. The Las Animas project is excluded from the Gold Fields Option Agreement. The drill results of the last ten diamond drill holes totalling 1,879 meters of the Phase 3 drill programme at Las Animas are reported. Nine of these holes (1,208 m) were drilled... Read more..